The dispersions of dipolar (Damon-Eshbach modes) and exchange dominated spin waves are calculated for in-plane magnetized thin and ultrathin cubic films with (111) crystal orientation and the results are compared with those obtained for the other principal planes. The properties of these magnetic excitations are examined from the point of view of Brillouin light scattering experiments. Attention is paid to study the spin-wave frequency variation as a function of the magnetization direction in the film plane for different film thicknesses. Interface anisotropies and the bulk magnetocrystalline anisotropy are considered in the calculation. A quantitative comparison between an analytical expression obtained in the limit of small film thickness and wave vector and the full numerical calculation is given.